Google possesses threat to bitcoin. What do you say? - page 2.

davinchi

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

This is in no way of threat to me at all, because we all know the main reason why the idea I quantum supremacy was developed, it was solely to discredit the usage of bitcoin and make it hard which you have seen that they have even failed and this is part of the reason I believe that satoshi cannot be a single person but a group of highly intelligent people who thinks fast and would have even thought of all these areas before the bitcoin was released.

With this Google application again, I doubt if there is still going to be anyway for them to succeed in doing what they intend doing with it to make it popular and make bitcoin less popular and attractive. I keep telling people something that as long as there is no cooperation that is willing to create a decentralized project like bitcoin, there is absolutely no way that they can compete with bitcoin.

KrisAlex18

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Quote from: seoincorporation on November 18, 2019, 10:22:55 AM

Why should cripto fail to attract new investors? I mean, Bitcoin doesn't have a marketing campaign behind

Bitcoin does not have marketing campaign? Maybe you forgot that they launched a magazine tackling about bitcoin itself and has readable articles about cryptocurrencies way back 2012. And I think that is the start of people knowing more about bitcoin and cryptocurrency resulting for more promotion.

Quote from: seoincorporation on November 18, 2019, 10:22:55 AM

If Newspapers make some black marketing against bitcoin, it still positive marketing. Let people talk about bitcoin for good or for bad, in the end they still talking about it.

I don't think so, plain news and world news has a great impact of bitcoin's price. It isn't positive when we see its price declining for a long time. Bitcoin won't be out for discussion.

Quote from: seoincorporation on November 18, 2019, 10:22:55 AM

I don't think google is a threat to bitcoin right now, but maybe in the future it will be.

Google could break it but not now. They are still far away to build the quantum computer, but I think they might not continue it as they cracking bitcoin's equation is also cracking the internet which means everyone is at risk.

joshy23

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Quote from: yulionoo on November 18, 2019, 09:32:54 PM

I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.

Understanding the possibilities bitcoin will exist and not being threatened by this system from google, they have different approaches and for
sure they will not directly compete they will coexist if ever that this plan from google will take place. Crypto will continue to survive despite
of those many price speculations and a lots of volatilities that existed inside the market.

piebeyb

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Quote from: Apes on November 18, 2019, 03:48:57 AM

Quote from: piebeyb on November 18, 2019, 03:26:37 AM

bitcoin can't be stopped and eliminated, i'm sure google will use blockchain technology and make bitcoin a part of them, unfortunately i can't say much about this but maybe in the near future there will be news about this Cool

True, I also believe that Google will sooner or later use blockchain technology in their systems. As usual, big companies have the prestige to admit that a product or technology that is not their creation are bad, as if their products are the best. And in the end they will join in using it. Even though Google will launch their product I don't think this is a threat to cryptocurrencies.

they will never launch a quantum computer let alone destroy bitcoin, I even analyze Google is one of the companies that is in this hidden bitcoin project, it is very funny if there is a quantum computer haunting the crypto community

romero121

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Facebook has marked its entry into the cryptospace, does that made people go for the Facebook's libra leaving bitcoin. No, people intent to try it out apart from bitcoin. Same is the reality with Google, they always try to cope with the needs of the people. The end result is in the hands of common public who are the end users. This clearly shows there is nothing as a threat to the bitcoin network. Anything that has been taken forward by leaders in technology industry seems to a competence to be leader in the market.

cotton ball

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Google give positive way for bitcoin become promoting on their platform, maybe without promoting on google we don't know about how to get much profit with bitcoin investing. Around the world know whit bitcoin after allowing for promoting on google and youtube platform become best way how to understand many people try investing with bitcoin and altcoin.

maydna

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It's not been a problem for crypto because google and crypto will have different ways to attract new investors. Besides that, crypto will not fail to attract new investors because crypto offers much better to them than the other payment method. And crypto can secure the investor's identity by not to send their document to any coins or crypto that they used for the investment.

People or new investors will choose which ones they want to use. If the new investors okay with using google pay, then they can select that. But if it's not, then they will choose crypto for making a payment, but that will only with one condition, crypto is available for the payment method.

The Quantum computer will be invented in the future, but I am not sure if that quantum computer can solve the computation in crypto. So we don't have to worried about that, and it is better to prepare ourselves for what will happen in the future so we can adapt to the situations.

LUCKMCFLY

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In October it was approximately when I remember reading an article on the subject, as I recall it was a publication made by NASA and then it was deleted.

What put in context was the fact that Google's quantum technology could solve problems in 200 seconds what it would take 10 thousand years to other teams.

However, what was most emphasized is that at that time there was talk of having achieved quantum technology through a company's supercomputer with a total of 53 qubits, which would require at least approximately 1500 qubits to start generating entanglement or Some alert to Bitcoin and similar systems, this is what brought the attention of crypto experts.

However, some said that cryptocurrencies can be updated with resistant quantum technology and that it is still very difficult to see a quantum technology from Google so powerful as to do so, that it is beginning but that much development is still lacking.

topbitcoin

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

Both have it's own advantage maybe, and people still free to pick which one is good for investment. I think bitcoin wouldn't easily replaced by other investment. And i see someone above said this is just product of google, i think a company free to make their product and that is part of competition in investment. And if bitcoin keep stay with it's benefit, nothing to worry if bitcoin will get replaced.

yulionoo

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I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.

drachman

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Quote from: hatshepsut93 on November 17, 2019, 12:02:32 PM

Does Google offer decentralized, censorship-resistant, deflationary currency? If no, then how can it be a threat to Bitcoin? People who value simplicity and convenience will stick to fiat methods, including google pay, but those who want to be in control of their own money will use Bitcoin, and no fiat payment method will make them change their decision. Decentralized altcoins are the only true competitors of Bitcoin, but they also have much smaller network security, questionable design choices and other problems.

This, neither Google or any other centralized entity is ever going to release something like bitcoin because it is not on their best interests, they will release coins or services which are highly centralized and in which they have complete control over their system, and if that is what people want then they are free to use it but people like us will never get rid of our coins because we can see the great advantages that bitcoin brings and that no centralized coin will ever bring.

seoincorporation

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Why should cripto fail to attract new investors? I mean, Bitcoin doesn't have a marketing campaign behind, he product is too good that it doesn't need marketing. If Newspapers make some black marketing against bitcoin, it still positive marketing. Let people talk about bitcoin for good or for bad, in the end they still talking about it.

I don't think google is a threat to bitcoin right now, but maybe in the future it will be.

Kambal2000

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Quote from: Doell on November 18, 2019, 09:45:21 AM

I think we are on the truth google efforts to be a threat to crypto will never happen ,much industry crypto can attract investors with promising product for investment and fluctuations ,I see the news also yesterday that Google will kill bitcoin it will definitely not happen even with extraordinary plans crypto and bitcoin will be an unstoppable asset of the future

Google can't do that, in fact they are also cooking something and is also in their mind how they are going to adopt crypto in their business, most businesses nowadays wanting to have crypto in their life, they want to take advantage of it, actually the CEO of twitter too is having a meeting with crypto enthusiasts, we don't know yet what they have on their mind, for sure in the future they will share it.

Doell

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I think we are on the truth google efforts to be a threat to crypto will never happen ,much industry crypto can attract investors with promising product for investment and fluctuations ,I see the news also yesterday that Google will kill bitcoin it will definitely not happen even with extraordinary plans crypto and bitcoin will be an unstoppable asset of the future

TRONTON

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Quote from: darkangel11 on November 18, 2019, 08:32:19 AM

I'm not afraid of uncertainties. Maybe they will have a quantum computer and then maybe this computer will be able to crack bitcoin and maybe somebody will attempt to break satoshi's private keys and maybe he will succeed and maybe he will do it in the next 10 years and maybe we'll allow it to happen.
Same maybe can be applied to other things like maybe google will launch its own crypto and maybe it will make other people sell their bitcoins and maybe there won't be new bitcoin investors to fill the gap...

for Quantum supremacy I think also what are the benefits for Google itself. Although they can leak data as proof, they also don't want their business to be destroyed by a barrage of unhappy crypto hackers.

Google has made several rumors about making their coins, but there are still no facts to be proud of. it is impossible for any company to develop without complying with regulations.

darkangel11

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I'm not afraid of uncertainties. Maybe they will have a quantum computer and then maybe this computer will be able to crack bitcoin and maybe somebody will attempt to break satoshi's private keys and maybe he will succeed and maybe he will do it in the next 10 years and maybe we'll allow it to happen.
Same maybe can be applied to other things like maybe google will launch its own crypto and maybe it will make other people sell their bitcoins and maybe there won't be new bitcoin investors to fill the gap...

DDante

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I choose crypto because of the freedom presences, p2p transfer, no government, secured and fast, i'm sorry if all what google can offer is light speed that won't do, i want something that others won't know about e.g my worth, if i have 300btc worth millions in my wallet no one will know, this is what makes crypto stand out and topping

Apes

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Quote from: piebeyb on November 18, 2019, 03:26:37 AM

bitcoin can't be stopped and eliminated, i'm sure google will use blockchain technology and make bitcoin a part of them, unfortunately i can't say much about this but maybe in the near future there will be news about this Cool

True, I also believe that Google will sooner or later use blockchain technology in their systems. As usual, big companies have the prestige to admit that a product or technology that is not their creation are bad, as if their products are the best. And in the end they will join in using it. Even though Google will launch their product I don't think this is a threat to cryptocurrencies.

piebeyb

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bitcoin can't be stopped and eliminated, i'm sure google will use blockchain technology and make bitcoin a part of them, unfortunately i can't say much about this but maybe in the near future there will be news about this Cool

barabarian1

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I never thought that Google Pay could threaten bitcoin. because the two are very different. Bicoin is a cryptocurrency that has high volatility. because of this volatility bitcoin becomes an investment and trading tool but bitcoin can also be used for payment tools. while google pay is a payment instrument application not a currency and also cannot be used as an investment tool so what makes google pay a bitcoin threat I think does not exist. only altcoin can be a competitor of bitcoin but until now there hasn't been any altcoin that can beat bitcoin.

Topic: Google possesses threat to bitcoin. What do you say? - page 2. (Read 627 times)